Financial Crime Compliance Analyst

Job Description

About Company

Société Générale (SG) is a prominent financial institution with a strong emphasis on its core values: commitment, responsibility, team spirit, and innovation. The company is dedicated to ethical conduct, courage, and a focus on collective success, encouraging experimentation and new ideas to better serve client needs and anticipate market changes. Société Générale values strong relationships, both internally among colleagues and externally with communities and the wider world.

The company is deeply committed to Diversity & Inclusion (D&I), aiming to recruit, develop, advance, and retain a diverse workforce that reflects the communities in which it operates. Its vision includes fostering an inclusive culture that recognizes unique employee needs and utilizes diverse talents, while engaging with the community and marketplace to meet the needs of all clients. Société Générale is an equal opportunity employer, promoting talents regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, or any other protected characteristic.

Société Générale offers a hybrid work environment, providing employees with the flexibility to work both remotely and on-site. This arrangement is designed to promote interaction and collaboration, with specific work arrangements varying by business area.

Job Description, Detailed

This role is within the Transaction Monitoring Group (TMG), which is a surveillance unit under Financial Crime Compliance. The TMG plays a central role in managing the Bank’s AML (Anti-Money Laundering) transaction monitoring systems and processes. This includes managing rules and parameters for automated systems, investigating cases generated by the system, and conducting manual processes to identify and report unusual activity.

Main Accountabilities (Responsibilities):

• Assists the Financial Intelligence Unit (FIU) in preventing the use of Société Générale facilities for financial crimes such as money laundering, terrorist financing, bribery, corruption, and cybercrime.
• Performs reviews of negative news articles to identify potential links to financial crime in geographies where SG has presence or risk exposure. This involves reviewing ongoing negative news logs, identifying relevant names, and conducting transaction searches to determine if FIU investigations are warranted.
• Assists with the management of the FIU Portal by making entries and conducting transactional searches on parties identified from news sources.
• Recommends courses of action for most events, with the ability to seek guidance from a manager for unusual or uncommon situations.
• Independently conducts documented enhanced due diligence on individuals and entities, utilizing all available resources and exercising risk-based judgment to develop findings and recommendations.
• Conducts reviews of 314(a) alerts generated bi-weekly.
• Reviews Internal Fraud Escalations from various Business Units, conducts FIU case investigations, and prepares SARCs (Suspicious Activity Report Certificates) and SARs (Suspicious Activity Reports) related to return of funds, business email compromise, or other fraud escalations received from Global Transactions and Payments Services (GTPS).
• Clearly, succinctly, and consistently documents and supports judgments, decisions, and rationale, while maintaining accurate and complete supporting documentation and records in accordance with TMG policies and procedures.
• Applies project management and organization skills to various tasks, including ad-hoc assignments.
• Collaborates with the team to implement initiatives and projects sponsored and approved by management.

Required Skills and Experience:

• Competencies:
• Strong analytical, verbal, and written communication skills.
• Ability to clearly synthesize approach, methodology, and rationale for raising issues.
• Strong attention to detail.
• Ability to work under minimal supervision.
• Preferable: Strong research skills; advanced skills in Microsoft Word, Excel, PowerPoint, SAS (case management system); experience with online research systems (web-based tools); knowledge of geopolitics, geographies, and languages applicable to Anti-Financial Crime.
• Technical Skills:
• Proficiency in MS Office Suite.
• Prior Work Experience:
• Preferable: 1-2 years in Financial Crime case investigations or a similar environment.
• Preferable: Experience in assisting with AML/OFAC special projects or AML/OFAC implementation of new/updated procedures.
• Education:
• Required: BA/BS degree.